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Tata Motors global wholesale sales declines 4%

Tata Motors global wholesale sales declined 4% yoy to 73,691 units in April 2017; in line with expectations

Global commercial vehicle volumes declined sharply 36% yoy to 18,844 units driven by drop in the domestic demand post production issues due to transition from BS3 to BS4 emission norms. Also pre buying in the month of March 2017 led to weak demand in April 2017.